michael bodoroglu no wonder you went out to SA
hedge funds must wanted that way to unload their shares
please let us know next time how many shares they have to unload
china is not full of morons of course they have to slow things down
otherwise rates will skyrocket to 10000 with this speed
sit back and think
they were wrong when they loan them soo much money when the market was at its hights
now they are wrong again
and they will be wrong tomorrow too
and u r such a fool to follow them
Sacks strong buy rating came in at a perfect time. Of cours without their stron call, moray in the world GSs would be here now
I would love to see institutional changes don't you
Can 0.35 hold or does it even make sense to buy untill zakcs changes it's outlook to sell lol
-- its two top export revenue earners -- reflecting massive expansion work underway to meet demand for raw materials to make steel in China.
Australia, the world's biggest producer of iron ore, forecast a 23.3 percent rise in exports to 650 million tonnes in the 2013/14 fiscal year, data from Australia's Bureau of Resources and Energy Economics (BREE) showed on Wednesday.
The forecast was raised from an estimate of 615 million tonnes just three months ago.
"The super cycle is not over yet," said Keith Goode, an analyst for Eagle Mining Research in Sydney, referring to unprecedented commodity demand driven by Chinese demand.
"In China, the main demand still appears to be for iron ore."
Australia's troika of big producers are spending billions of dollars to dig more, betting on greater economies of scale to enable them to ride out troughs in the demand cycle
Rio Tinto is preparing to raise output capacity by about a fifth to 360 million tonnes by 2015. BHP Billiton is also boosting production.
Fortescue Metals is in the early stages of setting up its next stage of growth in iron ore production beyond an annualised rate of 155 million tonnes.
China has plenty of its own iron ore. But much of it is so low grade its cheaper to import ore with three times higher iron content from Australia than mine it at home.
Australia's exports of metallurgical coal used in making steel for the year are forecast to increase by 6 percent to 163.9 million tonnes, according to BREE.
China alone is expected to boost its imports of metallurgical coal by 8 per cent to 99 million tonnes in calendar 2014, BREE said.
The Australian data underscores continuing strength in iron ore shipments an
Brazil, the world’s largest sugar producer, is boosting shipments to China, fueling speculation that demand in the world’s second-biggest importer of the raw sweetener will exceed forecasts for a second year.
Vessels scheduled to sail from Brazil’s main ports on Dec. 11 were set to take 234,500 metric tons of sugar to China, more than twice the previous week’s total, according to Recife, Brazil-based shipping agency Williams Servicos Maritimos Ltda. Imports into China climbed to a record in October, the first month of the 2013-14 season, customs data showed.
China brought in 3.8 million tons of raw sugar in 2012-13, estimates Kingsman SA, a unit of McGraw Hill Financial Inc.’s Platts. That’s almost four times the amount a U.S. Department of Agriculture unit forecast at the start of last season. Purchases beat estimates as a government stockpiling program attracted more shipments. Imports will probably fall 29 percent this marketing year to 2.7 million tons, according to Kingsman.
“Our forecast is based on the assumption that the Chinese government won’t restart state purchases,” Xiaoxiao Du, an analyst at Kingsman in Lausanne, Switzerland, said yesterday by e-mail. “The number of imports may surprise us on the upside if government implements the stockpiling program once again.”
While sugar futures fell 17 percent in London and 18 percent in New York this year as supplies outpaced demand, a government stockpiling program meant Chinese futures slid at a slower pace, dropping 12 percent. Futures in the Zhengzhou Commodity Exchange were $367 a ton more expensive yesterday than on NYSE Liffe. The price gap widened about 4 percent in the past two months, data compiled by Bloomberg showed.
China may phase out its stockpiling program and partially replace it with direct subsidies to cane and beet farmers as early as the crop starting October 2014, Zhao Lihua, a director at the economy and trade division of the National Development and Reform Commission, said last month. That fueled speculation imports would fall. The International Sugar Organization in London forecasts Chinese purchases to decline 36 percent to 2.35 million tons this season, it said in a Dec. 9 report.
“The rebuilding of stocks in China, particularly in government reserves, will diminish the need for imports in 2014,” Paul Deane, an economist at Australia & New Zealand Banking Group Ltd., said in a report on Dec. 4, forecasting imports could decline to 2 million tons. “We see this as placing a natural cap on global sugar prices in 2014.”
China brought in 709,873 tons of sugar in October, customs data showed. That means the nation is on track to import more than 4 million tons in a calendar year for the first time since at least the mid-1990s, ANZ’s Deane said. Vessels carrying 132,500 million tons of raw sugar left Brazil’s main ports to China in November, according to SA Commodities and Unimar Agenciamentos Maritimos Ltda. in Santos, Brazil. That compares with 100,000 tons in the same month a year earlier.
“It’s too early in the season to assume much change to the balance sheet as China’s domestic crop is just coming on stream,” said Toby Cohen, a director at London-based Czarnikow Group Ltd., which traded 2.4 million tons of raw sugar last year. “However, the scale of imports surprised everyone last season and could do so again.”
"After a five-year slump in shipping, investors are betting on better times by taking over shipowners' debts from European banks keen to offload troubled loans to bolster their balance sheets.
Forecasts of a pick-up in world trade in goods, after the worst slide in decades helped drive some major shipping firms to the wall, are driving interest from hedge funds and others, while pressure on European banks to satisfy new capital regulations next year has created a pool of willing sellers.
With the World Trade Organization forecasting growth of 2.5 percent for 2013 and 4.5 percent next year in merchandise exports - 90 percent of which go by sea - some investors have also been buying ships. But, for many, buying the paper debts of shipping firms offers a more flexible, liquid asset.
Several sources in shipping finance cited Britain's Royal Bank of Scotland and Lloyds Banking Group and Germany's Commerzbank and HSH among European banks seeking to sell loans to the shipping trade as part of strategies to strengthen their balance sheets.
"Shipping loans ... are easy to trade since there is no need to get operational," said ship finance adviser Basil Karatzas in New York. "More banks will be shopping the market early next year to see what they can get for parts of their portfolio and if the price is right, they will sell."
Noting a turn in sentiment over the past six months, he added: "Now it seems that most of the people agree that the market is in cyclical recovery and better get in now before you miss the boat."
Ship finance sources said that in recent weeks Lloyds has sold $500 million of shipping loans to U.S. hedge fund Davidson Kempner Capital Management. Both firms declined comment. Lloyds has also offloaded other parts of its shipping portfolio discreetly to other banks, the shipping sources said.
The sources also said that RBS has sold one $800-million shipping loan to U.S. private equity houses Oaktree Capital Management and Centerbridge Partners. Oaktree
google Israel Englander - Millennium Management
if they knew better they wouldnt be long GOLD
plus they lost huge money on VRNG patent case against goog
lets hope bdi will be up tomorrow.
now this will be a resources war between 2 big superpowers china vs us
good for shippers
goes off the roof, l am sure you witnessed spy fly today. watch out markets all around the world fly tonite
even scorpio ceo got %1 commission and brokered between builders and scrorpio SALT
SO THATS A very common practice.
yeap you always lie
sunshinekathy34 • Nov 25, 2013 1:05 PM
5 users liked this posts users disliked this posts 1
techncals of the bdiy
the run from the lows of 800 to 2000 met with a normal correction to the 1500 level....if panamax rates are up today as suggested the next target wud be to test the 2000 highs and to go through. this would likely get drys through the recent high of 4 ....the old high of 4 would likely attract... More
Sort: Newest | Oldest | Most Replied Expand all replies
audiophul • Nov 25, 2013 3:33 PM
2 users liked this posts users disliked this posts 7
You are officially an idiot. The BDI is not susceptible to TA. It simply IS.
mystocks24 • Nov 27, 2013 10:34 PM
1 users liked this posts users disliked this posts 0
Yes you can
mystocks24 • Nov 27, 2013 10:36 PM
0 users liked this posts users disliked this posts 1
Officially an idiot audio now
to their shareholders if they believe in their own team.
100k share for each wont hurt them. thats the at least they can do
SA is pump and dump and prgn has nothing to do with it
if someone puts out an article out there it doesnt make prgn a bad investment choice, did you realize that prgn is the only shipping stock that didnt pullback besides nm and sb untill today?
l always pick the best dude